Sirius Petroleum Share Discussion Threads

[vatnabrekk] 13/4/2018 16:24

Also don't forget the two ships, anchor handler Ghaznav1 and tug Omeed Taher, that towed something yesterday (something that was not transmitting an AIS signal) from near Saleh to the al Mina harbour in Dubai.

Now I wonder what that was?

[astralvision] 13/4/2018 16:22

EdgeinNo problemsYes, next RNS should put this particular item to bed.We all want the same thing here, think we will get it, just the 'when' bit not sure about!

[drrichard] 13/4/2018 16:16

That is true ht. I guess, it is just possible that with double quick loading and a quick skidaddle out of the Gulf our intrepid HLV spotters might have missed it but it would require very quick work. Believe me, I would welcome it. Either way we will hear soon enough, and if today's buying is based on some leakage, we will hear very shortly.

[edgein] 13/4/2018 16:15

HTrocka,

Yes the point I was making earlier, its likely the next time that the Force is trackable by AIS will be in Nigerian waters, close to Ororo. Probably for final positioning and anchoring before spud.

Regards,
Ed.

[edgein] 13/4/2018 16:12

Astral,

Apologies for the confusion, that part of the post about being shy wasn't directed at your reply it was to this post above:

"Shez73 13 Apr '18 - 15:31 - 77411 of 77421
0 0 0
There is alot of info to be gained from scouring the web/social media, surprising what pops up. The rig was definitely there at the end of March."

It would be nice for a change to see some of this "info", one man's info is often another man's speculation though. As this bb gets its fair share of speculation.

Astral,

True delays are common place in O&G and are more often than things happening on time. But there seem to be some here very very sure of themselves as to where the rig is without knowing exactly where it was when it came on contract with SRSP, there is a lot of UAE waters out there and the company hasn't since changed guidance of operational timing. Just said the rig was hot, operationally ready and due to mob shortly. That was 1 month ago. I can't wait until the next RNS as it'll finally put this to bed either way. But knowing this bb the next round of speculation will start about something else. :)

Regards,
Ed.

[htrocka2] 13/4/2018 16:01

Please excuse my ignorance but surely if the 'Force' was being carried on the back of a HVL as part of its cargo, then it would be under its insurance and would not require any tracking device to be activated.

[astralvision] 13/4/2018 15:58

EdgeinNot social media and certainly not a question of being shy either.But might as well move on, although taking of moving be delighted if the 'already moved' camp could present one shred of evidence for that. There's a good reason why they can't!As an experienced of 25 yrs O&G investor I'm sure you have had the odd delay before, and, annoying as it is, that's what we've got here. A tad frustrating but immaterial to the final outcome, imo.Well, a decent rise today , if it holds, on good volume.Have a good w/end everyone.

[rpat2] 13/4/2018 15:57

The next rns will be they are drilling Watch this space

[edgein] 13/4/2018 15:55

Astral,

Well I guess it all depends on what has happened between 1st of April and 13th of April. Yes it would be cutting it fine indeed, it'll probably take about a week for testing the BOP and rig positioning and supply once in Nigeria. Pipe, wellheads, drill fluids, local crews etc.

Regards,
Ed.

[vatnabrekk] 13/4/2018 15:53

There are three events to come:
1. Rig depart UAE.
2. Rig arrive at Ororo.
3. Start drilling.

And there is a period of time between each one.

[edgein] 13/4/2018 15:51

Well if there's proof via social media, scouring the web et al of the rig location then lets be aving it, don't be shy. :) Not really pointless fella, its as valid as those that have been speculating since the 12th of March as to where the rig is and when it'll arrive in Nigeria. As you say it'll come out in the wash on the next RNS which will either give details of the spud or as many are suggesting the mob date. Personally i'm expecting the next RNS to say that we're pleased to announce that operations commenced on the O-2 appraisal well on..... Rather than due to unforeseen circumstance the rig will now mob on.....

Regards,
Ed.

[astralvision] 13/4/2018 15:45

PsRe the accuracy of SRSP's March 12th release.The 'mobilisation shortly' bit is ok, with a bit of stretching of the elastic, expected to spud in April bit is dead in the water.Let's hope for better weather in May!

[astralvision] 13/4/2018 15:40

Sorry EdgeinPressed wrong button!Pointless batting it about really, it will all come out n the wash.Although the company haven't released anything, they don't really need to, as you have pointed out.But it's not all speculation and guesswork as you suggest, these things rarely are.

[vatnabrekk] 13/4/2018 15:36

swiz: What exactly was the position where you believe the rig was at the end of March? Was it near to Saleh2?

[swiz73] 13/4/2018 15:31

There is alot of info to be gained from scouring the web/social media, surprising what pops up. The rig was definitely there at the end of March. No idea how long it takes t hand over from one job to another, but am pretty sure its not a 5 minute job. After watching the area like a hawk for a few weeks, logic would suggest that the rig is still there.

[edgein] 13/4/2018 15:31

"The COSL Force is a "hot rig" (tooled-up and ready to operate) currently offshore UAE and is therefore ready to be mobilised to Nigeria shortly."

Therefore no special deck modifications etc needed between one operator and the next, pretty much a resupply and ready to go. Resupply could have been made before the 12th of march depending on when it was released from the previous operator. "Shortly" could entirely be down to logistics for the other vessels involved in the mob.

Regards,
Ed.

[edgein] 13/4/2018 15:27

Astral,

Yes, I've been an oil and gas investor for 25 years+, I know what a rig mob is, I also know what a rig that doesn't need a refit between jobs just need resupplied, especially as its drill ready and the long lead items have been in Nigeria for an eternity (wellheads for O-2 and O-3 etc). Are you saying that SRSP rig mob shortly was inaccurate? Yes and its now 12 days since the 1st of April and no it probably didn't intercept the rig on the back of an HLV somewhere around South Africa. My point remains the same as I've been making this afternoon. Without the AIS tracker on and without watching every single ship entering all areas of UAE waters then noone knows where it is and when. Its is not impossible that it hasn't left UAE, but that remains as everything else on this bb, pure speculation as investors await the next update from the company.

Regards,
Ed.

[astralvision] 13/4/2018 15:19

Edgein It's not based purely on personal opinion, I can assure you of that.You do know that 'mobilisation' encompasses a whole range of activities which culminate in actually moving the rig? From what I've heard the rig is indeed 'mobilising' but that don't mean it's moved yet.And it's factual it was offshore UAE on or around 1st April unless AOS Neptune made a massive detour somewhere between UAE and Nigeria!It seems most likely we've experienced another bit of 'slippage', no doubt we will hear in due course but it ain't going to spud in April, that much at least is very clear.

[edgein] 13/4/2018 15:02

Swiz,

Yes agreed, the notion that the rig didn't moblize shortly as per the company's release is based on personal opinion of the posters and speculation as to the timing of release of the rig from the previous operator and where it was when contracted to SRSP. The company made no mention of the rig still being with the previous operator on the 12th of March, in fact it gave the impression that it was contracted to SRSP, hot and ready to go and mob shortly. With or without newly fitted wings.

I know you're sick to death that its taking so long, so are many others it seems and that's leading to all this speculation that its not gonna be April, its perhaps not gonna be May, it may not even be this year, perhaps SRSP are waiting to be taken over as all those majors are lining up to buy these marginals that other majors are dropping. lol :)

Regards,
Ed.

[swiz73] 13/4/2018 14:49

I'm going on that we know where the rigs last job was, the UAE. although the rig may be untrackeable, it still needs the help of other boats/ships to get it to Nigeria. Tugs, anchor boats, HLV's. Whilst its possible that the first two may have visited the vicinity, there has been no link up with the latter. So unless this rig has the ability to fly, it would appear that it is still in the UAE.

dont get me wrong, i would love it to suddenly turn up in Nigeria and find out it is already drilling away! Nothing would please me more, like most i am sick to death of the time its taking to get a decent rise out of the SP, which is what we are all here for at the end of the day.

[pervertphil] 13/4/2018 14:43

Don't worry sonic will say this is all part of the grand plan!

[solarno lopez] 13/4/2018 14:43

I support your thinking Edgein...the phrase

'they don't need to either as the RNS 1 month ago told everyone it would mob shortly'

Subtly worded in such a way that the rig can set off at any time without having to notify the market.

Good spot

[aventador] 13/4/2018 14:42

Down goes the share price again zzz come on can't they give us at least a 1p plus close.